Latest News
KSK Power Ventur revenue surges, loss narrows
Power project company KSK Power Ventur announced its final results for the year to 31 March on Tuesday, posting a 76% increase in gross revenue to $674. 5m.
Federal Reserve more confident of rate hike before year-end, Fed watcher says
The US central bank might raise interest rates again in coming months if the economic data Stateside 'held up', a widely-followed Fed watcher said.
IMF slashes UK forecasts as Brexit 'throws spanner' in global growth
Global growth in 2016 and 2017 is forecast to be slower than expected due to Britain’s decision to leave the European Union, with the International Monetary Fund also slashing its estimates for UK growth.
Treatt receives 'disappointing' result in Earthoil legal battle
Flavour, fragrance and cosmetic ingredients business Treatt revealed what it called a “disappointing” result of an ongoing legal battle on Tuesday, over its purchase of subsidiary Earthoil.
US housing starts and permits for June beat forecasts
Housing activity Stateside picked up in June, even as a lead indicator for the sector pointed to further short-term gains.
FTSE 250 movers: Downgrade hits Cairn; Dairy Crest churns ahead
Cairn Energy led the 250 fallers as the stock was on Tuesday downgraded by Canaccord Genuity to a ‘hold’ rating from ‘buy’ and its target price cut to 220p from 240p.
Monsanto rejects Bayer's improved $55bn takeover offer
US seeds and agrichemicals giant Monsanto has rejected the improved $55bn offer from German rival Bayer as "financially inadequate" but said it remains open to further talks.
MyLocal administrators transfer 26 stores to convenience rivals, more to follow
Administrators of the collapsed MyLocal convenience chain have agreed the sale of 26 shops and said they were close to completing 16 more.
Investors turn bearish on EU equities, BofA-ML survey shows
Investors' bullishness towards equities from the European Union finally buckled under the weight of Brexit, the results of Bank of America-Merrill Lynch’s European fund manager survey for July revealed.
FTSE 100 movers: Sky's the limit; Rio Tinto ore numbers don't please
Shares in Sky rose on Tuesday as RBC Capital Markets lifted its rating on the stock to ‘outperform’ from ‘underperform’ and raised its target price to 1,100p from 1,000p.
Goldman Sachs 2Q profit, revenue beat expectations
Investment banking giant Goldman Sachs released better-than-expected second-quarter numbers on Tuesday.
Tuesday broker round-up
Micro Focus: Barclays reiterates overweight with a target price of 2150p.
Horse Hill oil in place estimates almost trebled
The Horse Hill project in Surrey looks like providing a bonanza for the range of AIM-listed companies involved after a near trebling of oil in place estimates to 22. 9m barrels per square mile.
Entu shares plummet after first half results
Home improvements group Entu posted results for the six months to 30 April on Tuesday, saying its home improvements business performed well overall with a record order book at the end of the period and full FCA authorisations secured.
BCA Marketplace buys Paragon Automotive
BCA Marketplace has acquired UK automotive services group Paragon Automotive Limited for £105m in cash, to be funded from its existing resources.
Lowcostholidays customers to receive a refund of £7.78
Tuesday brought a bitter respite for thousands of holidaymakers left out in the cold by the collapse of Lowcosttravelgroup, who will receive a refund of just £7. 78 each.
British workers lack digital skills, according to Barclays
British employers are failing to train their staff up to the level of digital skills they require to do their jobs, according to a poll by Barclays.
Ericsson announces cost reductions after 24% net profit fall
Swedish telecommunications company Ericsson were forced into announcing cost-cutting measures on Tuesday after seeing their net profit for the second quarter fall by 24%, missing expectations by a long way.
Vodafone shakes up management ahead of Liberty Global joint venture
Vodafone has appointed two senior executives for its joint venture with Liberty Global, along with other senior management changes.
London midday: Stocks fall on geopolitical worries
London stocks fell on Tuesday as better-than-expected UK inflation data failed to offset geopolitical worries.